US’ Designer Brands posts $739.8 mn sales in Q2, cuts guidance

Designer Brands Inc has reported net sales of $739.8 million in Q2 FY25, down 4.2 per cent YoY, with comparable sales declining 5 per cent.
Net income was $10.8 million, while adjusted EPS stood at $0.34.
US sales fell 4.8 per cent, Canada rose 0.4 per cent, and brand portfolio plunged 23.8 per cent.
Operating 668 stores, the company withheld its FY25 guidance.Designer Brands Inc has reported net sales of $739.8 million in Q2 FY25, down 4.2 per cent YoY, with comparable sales declining 5 per cent.
Net income was $10.8 million, while adjusted EPS stood at $0.34.
US sales fell 4.8 per cent, Canada rose 0.4 per cent, and brand portfolio plunged 23.8 per cent.
Operating 668 stores, the company withheld its FY25 guidance.